Wednesday, 14 April 2021 | The Latest Buzz for the Appraisal Industry

MBA: Share of Mortgages in Forbearance Finally Drops Below 5 Percent

The most recent Mortgage Bankers Association (MBA) Forbearance and Call Volume Survey shows that the number of loans now in forbearance decreased by 9 basis points week over week as of March 21, from 5.05% of servicers’ portfolio volume to 4.96%.

“The share of loans in forbearance decreased for the fourth straight week, dropping below 5 percent for the first time in a year,” says Mike Fratantoni, MBA’s senior vice president and chief economist.

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